SKF drops as CMD targets, high restructuring costs disappoint

SKF AB

11/11/2025 09:35

** Shares in Swedish bearing maker SKF SKFb.ST fall 6.5% at 0920 GMT after announcing new long-term financial targets during its Capital Market Day

** The company targets an increased adjusted operating margin long-term, but warns of high items affecting comparability during a restructuring period until 2028, as it aims to spin-off its Automotive business

     ** "We are somewhat disappointed that it will take until 2028 before we start to see that a more streamlined SKF that is out of the woods", Pareto Secuities analysts say

     ** The broker points to high upcoming costs, with 5 billion Swedish crowns ($531 million) in charges until 2028 and a further 1.5 billion for the listing of SKF's Automotive unit

** The stock is among the worst performers on the Stoxx 600 .STOXX index, which rises 0.7%

($1 = 9.4155 Swedish crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))